Howmet Aerospace, DPC Holdings fall after Musk's comments

Howmet Aerospace

31/08/2026 14:19

** Shares of Howmet Aerospace HWM.N and DPC Holdings, which make blades and vanes for aerospace engines and industrial gas turbines DPC.N, fall 4.5% and 5.9%, respectively, in premarket trading 
** Elon Musk said in an X post on Saturday that SpaceX SPCX.O could start in-house casting of gas turbine blades and vanes 
** Musk said that SpaceX and Tesla TSLA.O are building 100 gigawatts/year of solar production capacity but natural gas will be required to supplement it
** "The limiting factor for nat gas turbine production is casting the blades & vanes. By doing in-house casting at SpaceX, we can accelerate nat gas turbines coming online by up to 18 months, which is a profound game-changer," Musk said in the post
** HWM up ~30% YTD, while DPC up ~33% from its June IPO price of $33/shr
 

 (Reporting by Sruthi Shankar)
 ((sruthi.shankar@thomsonreuters.com;))